EU Veto on Deutsche Börse and LSE Merger Shows Hard Brexit Risks

[kreslik.news]

The merger between Deutsche Börse and the London Stock Exchange is reportedly on hold according to a Reuters report. The European Commission is allegedly in the process of exercising its veto power to block the deal.

Just before the UK triggers Article 50, the European Commission is already seemingly on the offensive in negotiations. Several senior officials have voiced a number on Brexit which is required from the UK just to start negotiations. The sum is rumored to be €60 billion (£51.7 billion).

The blockage of the LSE and Deutsche Börse merger deal is signaling that Eurocrats will have little to ... (read more)